The Real Costs of Buying a Home in the Marina Alta Region That Many Buyers Don't Calculate
Many buyers looking for a home in the Marina Alta region calculate the price… but not the real cost.
And the difference can be thousands of euros.
Knowing these costs from the beginning allows you to buy with confidence and avoid unpleasant surprises later.
1. Property Transfer Tax (ITP)
In the Valencian Community, this tax is usually the biggest expense.
It is approximately:
9% of the purchase price
Example:
Home priced at €300,000 → €27,000 in tax
This amount is paid only once, after the purchase.
2. Notary, Registry, and Administrative Fees
These are mandatory expenses to formalize the purchase and transfer the property to your name.
Approximate amount:
Between €1,000 and €3.000
Depends on the price of the home.
If you are unable to make a real-time bank transfer on the day of purchase, you will need to use the notary’s service for the buyer’s account. For example, for a house costing around €600,000, this service costs approximately €700, and these fees are fixed and the same at every notary’s office in the Valencian Community.
3. Expenses if you need a mortgage
If you buy with financing, you must add:
Appraisal: €300 – €600
Opening fee (depending on the bank)
Linked insurance
Although many bank fees have decreased in recent years, it's important to budget for them.
4. Annual expenses you should know before buying
Before deciding, always ask about:
Property tax (IBI)
Community fees
Garbage collection fee
In areas like Dénia, Jávea, or Calpe, these amounts can vary considerably depending on the property and the development.
5. The most important rule: you need an additional 12%
In addition to the price of the property, you should have approximately:
an extra 12%
This will allow you to buy with peace of mind and without unexpected expenses.
Buying with information is buying with confidence.
Many buyers miss out on opportunities or make poor decisions because they're unaware of these costs.
When you know exactly how much you're going to pay, you can decide with confidence and focus on finding the right home.
Transparency is the first step to a successful purchase.
Miraflor
Clear information for making good decisions.
